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Stock impact report

Bank of America earnings' jump, topping Wall Street estimates, as consumer credit improves [CNBC]

Comcast Corporation - Class A (CMCSA) 
Last comcast corporation - class a earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
Company Research Source: CNBC
Bank of America on Monday beat analysts' estimate for third-quarter profit and revenue as the nation's second-largest bank set aside less than expected for loan losses. The bank posted earnings per share of 66 cents, a 43 percent increase from a year earlier, exceeding the 62 cent estimate of analysts surveyed by Refinitiv. Revenue rose by a more modest 4 percent, to $22.8 billion, compared with the $22.67 billion estimate. The bank's provision for credit losses decreased by $118 million to $716 million, well below the $964.2 million estimate. Meanwhile, the bank managed to cut expenses 2 percent to $13.1 billion, matching analysts' expectations. The credit commentary is really good, Jeffery Harte, an analyst at Sandler O'Neill, said on CNBC's Squawk Box , adding that the bank's results were generally solid. The Charlotte, North Carolina-based bank's shares were slightly higher in premarket trading. CEO Brian Moynihan has focused on cutting costs while looking for Show less Read more
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